Explain how the UK government can use supply side policies to facilitate economic growth. Use examples to support your answer.The answer requires an explanation of basic growth theory supported by appropriate diagrams. What is meant by supply side policy and the two major schools of thought must be succinctly explained within your answer. Suitable aggregate supply and demand curves should be used to support your analysis. Practical examples of policy should then be used to answer this question. These policies are a significant part of the answer and half the marks for this question are based on this part of the answer.
The answers to the questions must be supported by academic theories and concepts and the paper must comply with the academic essay format and the Harvard referencing guidelines. The discussion must not be just descriptive in nature; it should provide clear evidence of understanding of supply side policies.There are a range of diagrams available for students to use and part of your answer must be predicated upon them and the explanation of them. You are not expected to describe how basic supply and demand work. All diagrams must be referenced. Failure to do so will mean you will fail to achieve all of the marks available.